Having your business registered in different government agencies is a must. The guiding principles of registration depends on the kind of business and type of ownership. It is easy to register a business if owned by one person, while the process can be gruelling for a corporation.
Process Flow of Registering a Business
Step 1
Seek approval/clearance from the Barangay.
Step 2
Secure Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR) District Office where the business is to be located.
If Sole Proprietorship: Register with the Department of Trade and Industry (DTI) for Business Name Certificate
If Partnership/Corporation: Register with the Securities and Exchange Commission (SEC)
If Cooperative: Register with the Cooperative Development Authority (CDA)
Step 3
Apply for business permit and license from the City/Municipality where the business is to be located
Get specific clearances:
for example:
Travel Agency - Department of Tourism (DOT)
Food and Cosmetics - Bureau of Food and Drugs (BFAD)
Pawnshop - Bangko Sentral ng Pilipinas (BSP)
Learning Centers - Department of Education (DepEd)
Step 4
Register with the Bureau of Internal Revenue (BIR) District Office where the business is to be located for Authority to Print Invoice and Book of Journal.
Step 5
Register your business with the following offices for compliance to good employer-employee relationships, incentives and benefits, and social, community, and environmental responsibilities:
Social Securities System (SSS)
Department of Labor and Employment (DOLE)
PhilHealth
Pag-Ibig
Department of Environment and natural Resources (DENR)
Step 6
Start the Business
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